QUOTE(jinsailoo @ Mar 18 2016, 04:54 PM)
MEH repo not good before this happen,
as you can see ecoworld, t&t, BRDB those top tear developer selling above market price ppl will still buy
because they r top tier that's why they sell above market price people still buy, buy for thinking they are reliable, worth the paying more, and if also the buyers like new development instead of hunting down sub sales.
QUOTE(lch78 @ Mar 18 2016, 05:13 PM)
Empire Subang is consider a lucky venture for MEH. One unit SOHO was selling for 200k only. The concept is unique then, and the market likes it. All buyers make money from that investment. But this is before the property boom. During the boom, the selling price can touch 600k.
MEH banked on ES success to venture into Empire Damansara. Of course, this was during the boom period, MEH made tons of money. Buyers as well. I guess this make them to dream bigger.
I had seen Empire Subang quality first hand, it was consider very bad that time. Then Empire Damansara came to fruition and it makes ES workmanship looks minor.
I guess when Empire City comes to fruition later, it will make ED workmanship looks minor as well.
MEH is never a good developer from start.
the irony everyone is expect the EC will be the same as the ES until all hell broke lose
QUOTE(netboy @ Mar 18 2016, 06:08 PM)
1. I'm not owner of any unit in EC
2. I didn't say that Mr Lim was wrong. I was just curious why is he continuing to fight the legal battle when he repeatedly clarified that he's not an owner.
Based on a speculation, there's various reasons behind Mr Lim's action. Still, whether the photos are the actual unit or not, only he knows. Regardless, I think he did his part by making the photos went viral and gave current owners a kind of "wake up call". Whether the whole issue is a real "truth" or not, maybe time will tell. My best wishes to all owners.
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Regarding Subang Empire, it is true that the entire building's (including mall and SOHO) workmanship is substandard. I frequent ES and has a few friends who owns units upstairs so from Day 1, already can see some poor finishing. ES's success literally comes from great retail tenant mix and decent location. With such good retail shops it's bound to be a success as a "neighborhood mall" around SS15-16 area. If the management team didn't bring in the current crop of retail tenants, it could've been a flop years ago.
Just look at ES's direct competitor (not Parade, but First Subang, now known as SS15 Courtyard). Similar concept but First Subang's failure to bring in good retail tenants were their downfall.
he continued fight for legal because he got served, twice.
Whatever it is VC CCC CPC HDA SPA etc etc... There owners already started paying instalment for 6-9months+ for a place that they cannot enter, do not have keys, not even have doors, no lift, no facilities nothing. Kinda understand Mr Lim position here, he has nothing to lose, albeit, maybe, nothing to gain except promoting his electrical appliance shop a bit. For owners, most of them are hoping for the best, keep paying instalment instead of having a bad credit in the future, ruining owns lives, and finger-x the developer will eventually finish the units, rather not piss them off by going legal or dispute. That may explained why owners are keeping quiet.
But still, thanks to Mr Lim that open cans of worms and still keep going... i.e. Instead of clarify why owners have no keys but already paying instalment, they issued LAD for Mr Lim, instead of clarify the real unit is fit for VP and show the photos of the actual complete unit, while they just keep emphasise Mr Lim showed the "wrong floor" which is the hotel. And it's a condo, not landed, without facilities, proper common areas, accessibility, how to live in, or even start renovate with that kinda finishing? Regardless which floor.
This project also has a quite-affordable price range for its location, with mostly small units below 500sq ft. Attracted a lot of first time home buyers, mostly want to stay there and get out of being a high rental victim of Klang Valley, a few buy-to-let investor, few flippers, and even less or maybe none overseas speculators that bought like 10-20 units. It's looking really bad and negative for the owners. Feel very sorry for them.
For those of us here that are not owners, more or less we were also properties owners who may had same experiences, or a lot luckier than these EC owners. or future owners that concern the loopholes and traps that these developers can play, learn a thing or two and be cautious in the future when they are finally into the property ladder.
This post has been edited by debbierowe: Mar 18 2016, 06:29 PM